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An organization whose parts or equipment is used as components in the products of another manufacturer, which then markets or…
A product that is sold by the manufacturer as it was originally designed, with no need for engineering or design…
A disciplined set of tasks describing the means by which a company repetitively converts ideas into salable products or services.…
The process of conceptualizing, designing, planning and commercializing a new product to be brought to market. More broadly, new product…
A process, machine or technology that is large and unmovable, and requires that everything needed for production be brought to…
An operational excellence measurement using the mean (average) measurement by time in minutes. MTTR is calculated as total amount of…